The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
AREC · Materials · No moat
Doesn't clear the bar
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | AREC | SMG | GPRE | WBTN |
|---|---|---|---|---|
| Moat Score (0–100) | 30 (highest) | 30 (highest) | 30 (highest) | 30 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 20 | 25 | 55 (highest) | 54 |
| Pricing power | 0 | 36 | 70 (highest) | 42 |
| Returns on capital | — | 57 (highest) | 0 | 0 |
| Balance-sheet safety | 55 (highest) | 2 | 0 | 28 |
| Capital allocation | 44 (highest) | 28 | 24 | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $186M | $4.0B | $1.2B | $1.2B |
| Moat tier | No moat | No moat | No moat | No moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |